Chevron, An Attractive Dividend Paying Stock (CVX, AMB)

Stocks with high dividend payout are looking attractive. In an interview with CNBC, Michael Cuggino, president of Permanent Portfolio Funds, said that he likes dividend paying stocks as a long term investment, regardless of the taxation policy.

He said, “The reality is there are a lot of good businesses selling at reasonable prices right now in the stock market and in many cases they are providing dividend yields that are in excess of the 10-year Treasury, the 30-year Treasury.” He also said that tax rates are not likely to go up very high. He said that even in the case of a double dip, tax increases may be deferred. He likes Chevron (NYSE: CVX) and AMB Property (NYSE: AMB).